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2.08%

4.7¢ norwood systems limited

It is better to die on your feet than to live on your knees. old...

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phantomyarn

421 Posts.

31/01/17

10:20

Post #: 22239779
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Originally posted by billy duckworth ↑

I agree, Growler. Coco is an amusing man.

Unfortunately the overall situation is far from laughable. This is a stock that has cost many people a lot of money and caused serious stress. In my own case the damage was close to $30K. My mate took a loss of six figures. The Holla conglomerate would appear to be down about $250K. Who knows with Disco, Braydan, Brent, Unlucky Bacs, The Large Caged Bird and many others ?

The facts are simple. Tomorrow they are likely to report cash at Dec 31 of around $2.5m, bolstered by the R & D rebate. They appear to have no guaranteed net-profitable revenue at all. Their life is very limited indeed. Added to that, the effort to keep the stock at 2.8 is running out of steam. Averaging down and/or desperately propping rarely bears fruit.

The only reason to hold the stock is blind faith. Young Webb referred recently to the cathartic experience of selling dud stocks at a loss and moving on. Holders should at least consider his advice.

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It is better to die on your feet than to live on your knees. old jungle saying

NOR Price at posting: 2.8¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.7¢		Change -0.001(2.08%)		Mkt cap ! $22.25M

Open	High	Low	Value	Volume
4.8¢	4.8¢	4.5¢	$15.53K	340.8K

Buyers (Bids)

No.	Vol.	Price($)
2	163888	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	50000	1

View Market Depth

No.	Vol.	Price($)
2	163888	0.042
2	175000	0.041
1	100000	0.040
1	200000	0.039
1	355000	0.038

Price($)	Vol.	No.
0.048	50000	1
0.049	238148	2
0.050	12000	1
0.051	125000	1
0.056	60000	1

Last trade - 14.17pm 24/06/2024 (20 minute delay)

NOR (ASX) Chart